Carbon Expert provides access for our clients to the carbon credit trading market in an innovative and forward thinking way, offering OTC trading of VERs via its network of professional carbon brokers.
Selection of news stories from around the world.
Carbon Export – Indonesia
Australia eyes carbon credits from Indonesia’s forests
Efforts to prevent the deforestation and degradation of Indonesia’s forests could yield much-needed carbon credits that Australia will be looking to purchase to help meet its emissions targets, says Australian Climate Change and Energy Efficiency Minister Greg Combet at a talk at the Australian National University (ANU) on Friday.
The Australian parliament recently passed a landmark legislation that puts a price on carbon and paves the way for Australia to enter global emissions trading markets to help the country cut its emissions by 5 per cent below 2000 levels by 2020.
A carbon price is expected to promote a transition into energy efficient and low carbon energy production and industrial processes. Australia is currently the highest emitter per capita among developed nations as it heavily relies on the export and use of coal for electricity generation.
Indonesia’s efforts under the United Nations backed Reducing Emissions from Deforestation and Degradation scheme or REDD+ could emerge as a major carbon market for countries such as Australia looking to acquire internationally accredited carbon credits, Combet said. Deforestation, particularly in the tropics, makes up almost one fifth of the global emissions.
To read more of the original article click here
Carbon Expert – Europe
European carbon market plummets
Prices are plunging dramatically on the world’s largest carbon-trading market. Today, it will cost large facilities participating in the European Union’s mandatory emissions trading scheme (ETS) just €7* to buy an allowance to emit one ton of carbon dioxide: that’s a record low and a drop of 25% this week alone (Reuters reports). Analysts expect prices to fall further: the underlying problems driving the collapse – weak economic conditions and industrial activity and an oversupply of carbon credits – will not quickly go away. *By the end of 25 November, the price had rallied to €7.6, still a record-low close.
If you’re a scientist, not a market trader, you might hope this will have little direct effect on research. But if today’s low prices persist for a few more months, they will slash billions of euros from a European fund dedicated to clean energy projects. That’s because the fund, named NER300, is about to raise its cash by selling 300 million carbon credits on the ETS. Eight carbon capture projects and 34 renewables projects were set to benefit from the money. But at current prices, the sale would raise only €2.1 billion, instead of the €4.5 billion hoped for when the fund was proposed. Sales of the first 200 million carbon credits are due to start in December, and continue for the next 10 months, says Stig Schjølset, head of EU carbon analysis for the consultancy firm Thomson Reuters Point Carbon.
To read more of the original article click here
Carbon Expert – India
Maharashtra to launch Tree Credits to promote sandalwood cultivation
Maharashtra government is planning to promote the planting and harvesting of sandalwood trees in the State. Under the scheme, christened Tree Credits, the State government will encourage farmers and landholders to grow sandalwood trees which could be harvested after 15 years.
The Social Forestry section of the Forest Department will soon launch the Tree Credits scheme, under which a tradable certificate, similar to carbon credits, would be issued to a farmer, who manages to prevent one tonne of carbon dioxide from entering the atmosphere by planting and growing a tree for at least five years.
The ‘Tree Credit Certificates' (TCC) will be like equity shares, whose price movement will be determined by demand and supply in the market. TCC will be required to be bought by individuals and polluting companies as a form of compensation for environmental pollution.
Vehicle owners and factories, which emit carbon dioxide, will have to buy a certain number of TCC. The money generated from TCC trade would act as an incentive for farmers to grow and protect trees for a numbers of years.
To read more of the original article click here
Carbon Expert – Canada
The problems with emissions trading
Alberta’s Can$60 million (US$57 million) carbon-cutting programme is failing, according to the latest report from the Canadian province’s auditor-general, Merwan Saher. Like many such programmes around the world, it includes an emissions trading scheme, which allows polluters to meet their emissions reductions targets by buying carbon offsets from a selection of approved projects. The offsets are supposed to be real, measurable and provable. But the report claims that the province, despite earlier warnings, has not improved its regulatory structure — and calls the emissions estimates and the offsets themselves into question.
Nature looks at the hurdles faced by Alberta and other jurisdictions over their emissions trading schemes.
To read more of the original article click here
Carbon Expert Blog sites
For further reading
Oslo Airport to recycle two-thirds of aircraft de-icer
Carbon Offsetting: Multinationals threaten to axe firms that fail to cut carbon
Five steps to drive business towards a low carbon economy
How Carbon Expert Could Help You
We have a commitment to the alternative green market sector, and are a leading international broker of carbon credits. In a market now worth approximately US$144 billion, the carbon market is set to eclipse all preceding markets. Carbon is having a major impact on energy markets and prices. Its effects are impacting upon energy producers, utilities and increasing numbers of manufacturers.
Carbon Expert Solutions for Business
Beyond Carbon Neutral - Carbon Positive
Carbon Expert can help you understand the likely impact of existing and impending legislation on your business, guide you towards managing the change and assist in helping you adapt profitably to a sustainable future.
Regulatory pressures are increasing and the range of companies being brought into compliance regimes is spreading, with many businesses and customers now prioritising environmental performance in their decision making processes.
Having a sustainability policy and dealing with business GHG emissions has become an intrinsic part of business management. It is for good reason that every major corporate business from IBM to Barclays Bank, Land Rover to Aviva have become Carbon Positive.
Pledges made in 2009 as part of the UNFCCC Copenhagen Accord in the hope of limiting global warming to the critical 2°C have not been met. It is now accepted that global warming will exceed 3°C by the end of this century with disastrous consequences 1 unless businesses and countries act very soon and become Carbon Positive.
Carbon Positive means tackling this problem in a positive way, recognising that GHG emission reductions may need to be 2.5 times actual emissions AND also understanding that this can have a positive impact in both the short and long term for your business.
Carbon Expert enable our clients to purchase verified carbon credits and participate in an established globally
recognised carbon trading platform.
For help in cutting you Carbon emissions visit our website www.carbon-expert.com
No comments:
Post a Comment